Insider Buying: TFI International (TSE:TFII) Director Acquires C$719,783.94 in Stock

TFI International Inc. (TSE:TFII) Director Rosemary Turner purchased 3,643 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was bought at an average price of C$197.58 per share, with a total value of C$719,783.94. Following the completion of the purchase, the director owned 3,945 shares of the company’s stock, valued at approximately C$779,453.10. This represents a 1,206.29% increase in their ownership of the stock.

Rosemary Turner also recently made the following trade(s):

• On Thursday, August 20th, Rosemary Turner acquired 3,507 shares of TFI International stock. The shares were bought at an average price of C$197.68 per share, for a total transaction of C$693,263.76.

TFI International Stock Down 4.3%

Shares of TSE:TFII traded down C$8.46 during midday trading on Monday, hitting C$186.43. The stock had a trading volume of 78,392 shares, compared to its average volume of 239,497. The company has a market cap of C$15.32 billion, a P/E ratio of 45.81, a PEG ratio of 1.01 and a beta of 1.74. TFI International Inc. has a 12 month low of C$113.72 and a 12 month high of C$233.85. The business’s 50-day simple moving average is C$204.01 and its 200-day simple moving average is C$185.60. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 111.46.

TFI International (TSE:TFII) last posted its quarterly earnings results on Monday, July 27th. The company reported C$2.63 earnings per share (EPS) for the quarter. The firm had revenue of C$3.25 billion for the quarter. TFI International had a net margin of 4.11% and a return on equity of 12.39%. On average, sell-side analysts forecast that TFI International Inc. will post 12.2345048 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. National Bank Financial lowered their price target on TFI International from C$208.00 to C$160.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Desjardins boosted their target price on TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Scotiabank raised TFI International from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from C$200.00 to C$260.00 in a report on Thursday, July 16th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$184.40.

About TFI International

TFI International Inc is a North American leader in the transportation and logistics industry, operating across the United States,Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments: Less-Than-Truckload; Truckload; Logistics.